Member Info for stt1

Libero
"The Government are not scrapping the rail franchise model"

Yes they are, It says so on the govn website -
"ENDED RAIL FRANCHISING AFTER 24 YEARS" - it's pretty clear and unambigious.

Like Brexit - ended, gone, finished and now transitional phase, creating uncertainty regarding future contracts.

"Ministers today ended rail franchising after 24 years as the first step in bringing Britain’s fragmented network back together.

The new system will create a simpler, more effective structure and will take shape over the coming months. The first stage, today, is moving operators onto transitional contracts to prepare the ground for the new railway."

https://www.gov.uk/government/news/rail-franchising-reaches-the-terminus-as-a-new-railway-takes-shape

Offices.
A lot of offices are closed or have few staff in. Fewer staff means the entire office doesn't need deep cleaning, only specific areas or maybe a single floor.
Therefore, lowers the demand for cleaning.

Libero,
" A big £400k cleaning contract with a Tier 1 Rail client. Think how amazing that looks on the "CV" when tendering for similar size contracts."

Trains are empty and train companies are losing money. The govn is abolishing train franchises.

If Trains are empty then reduces the demand for deep cleaning reduces, especially if the companies are losing huge amounts of money as well.
Likewise offices are empty with staff working from home. Therefore, reduces the demand for deep cleaning.

Given the govn is abolishing train franchises, how will that affect future rail contracts?

https://www.bbc.co.uk/news/business-54232015

STTsBumbag
"How is your Totally PLC "

Both Totally(TLY) & Byot have SIMILAR MCAPs and both have fy ending 31st March 2020.

TLY v Byot results:

TLY: audited results.
TLY have had significant increased over the last 4 yrs:
period revenue, cash, profit/loss
2015 £0.6m, £0.4m, £0.4m
2016 £4m, £1m, £1.4m
2017 £21.3m, £11.3m, £5.6m
2018 £42m, £10.2m, £0.2m
2019 £78m, £7.5m, £1.1m
2020 £105m, £8.9m, £4m
Gross margins up
Paying dividends.

Byot fy2020 prelims (not audited):
Revenue: £6.07m
Adj Ebitda: £0.26m
GP: £2.89m
Net Cash: £1.42m

Crucially, TLY published their audited results well in time, in July, whereas Byot have still to publish theres, despite fy ending 6 months ago. H1 ends tomorrow.

As to your other comment, STTsBumbag: "Sorry i forgot your long so how much have you lost now?"

I noticed rthm (now trmr, was blnx) is now eq 148p, compared to 2350p in Jan 2014, crashed based on events. Given you and 1gw were ramping rthm, I would ask yourself that same question. I'm glad I followed my own research rather than listen to you two.

It's nice to have an investment decision proven right so conclusively BY EVENTS.
;-)

1gw,
"I don't think Tesco I don't think Tesco ever described their byotrol product as a "key blockbuster innovation project"

SttsBumbag was referring to the size of Solvay, wasn't he?

Tesco are a huge business, aren't they?.

Rentokil Initial. Also a huge global business, reported $1.6bln revenues for H1. They signed a deal with Byot 2011
http://www.investegate.co.uk/article.aspx?id=201107200700106939K

Tristel 's deal was announced a year ago.

From these huge companies. During the biggest pandemic to hit the world in over 100yrs:-
How much revenue did Byot earn from Tesco, Rentokil and Tristal for fy2020?
How much revenue do you think they will earn for H1, which ends tomorrow?

Surely they are easy to answer 1gw?

STTsBumbag,
"Just look at the size of Solvay"

What has the size of Solvay got to do with them offering Byot's products? That is completely misleading.

Tesco were selling Byot based products until the contract was cancelled a year ago. Tesco is a huge company, yet Byot's sales were small, as could be seen from their accounts.

What happened to the global deal signed with the global company Rentokil Initial in 2011?
hTtps://www.investegate.co.uk/article.aspx?id=201107200700106939K

Fact is companies sign deals to broaden their product offering.

Tiptree
"UK lockdown began on 16th March" "acid test is 1st half"

They announced a spike in sales during Feb/March will be included in yesterday's results.

H1 ends next week. They have said there was a summer lull.

"Our forward order book now sits at £1.1m, reflecting a modest summer lull in purchasing activity and to some extent the evolution of the customer base. ."

https://byotrolplc.com/wp-content/uploads/2020/09/2020-09-23-Prelims-RNS-FINAL-pdf.pdf

The results were disappointing. They missed their expectations, published by Finncap in Dec 2019.

The expectations were pre-covid, only 2 months before the spike in sales in Feb/March with sales of approx £1m revenue per month. Therefore, they should have significantly beaten those expectations but they didn't.

The actuals v expectations - (actuals include spike in sales Feb/March, expectations ex-covid):

Revenue: £6.07m, expectations £6m. (Only up 1% thankfully spike sales in Feb/Mar)
Adj Ebitda: £0.26m, expectation £0.4m (DOWN £0.14m)
GP: £2.89m, expectation was £3.2m (DOWN £0.31m)
Net Cash: £1.42m, expectation was £2.6m (DOWN £1.18m)

Finncap notes, free to register:

https://researchlibrary.finncap.com/File/View?file=7094521d-4d9d-42a3-864b-af02865358d5

Years ago, TLY had a division, "Totally Communications", which was sold off to allow the company to concentrate on healthcare. I would have thought the current BoD still have contact with them, eg Andrew Margolis is still a director there. This maybe an alternative to buying Medefer.

https://totally.tech/

Even the Tristel deal was announced nearly a year ago and should have been launched late 2019 - well before Covid - It wasn't and so they have missed a golden opportunity.

Delays in contracts:
" One such transaction has been completed post year end with Tristel plc, for a surface sanitising product that combines their best-in-class chlorine dioxide chemistry, with our long-lasting germ-killing technology; we expect this product to be launched in late 2019."

https://byotrolplc.com/wp-content/uploads/2019/10/Byotrol-Annual-Report-FY-2018-19.pdf

Only last month, the company announced results for March 2020 expected mid-Sept. If the results are delayed then it is their duty to rns it.

"We expect to announce the results for the year ended 31 March 2020 in mid September along with a further update on trading."
https://byotrolplc.com/wp-content/uploads/2020/08/2020-08-03-TU-FINAL-pdf.pdf

The fy ended 31st March 2020, almost 6 months ago. It doesn't take 5-6months to audit accounts.

Giancotti,

No, results haven't been published. 1 week left until the 6 months is up.
Last year the results weren't published in time and the shares were suspended.
I hope they don't have accounting irregularities like they did last year.

They said mid-Sept, even though that is extremely late given fy ended 31st March.

The figures were announced 5 months ago:

£6m revenues and adj ebitda of £250k despite the fact they had a spike in sales in Feb/March. Why didn't they beat expectations (set pre-Covid) with those spike in sales???

revenues around £6m
adj ebitda £250k (yes k)
cash £1.7m
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf

Bumblebee
Not really a problem.

TLY have a diversified business. They are not Covid dependent.
Their divisions are Urgent Care, Planned Care and Insourcing.

If, or when, Covid infections increase, demand for NHS 111 will increase, as it did previously.
Any postponed ops you refer to are for TLY Insourcing division, which is a relatively new division setup less than a year ago and operates in the whole of UK and IRELAND. Even if there is a national lockdown in the whole of UK and IRELAND, postponed ops will get rescheduled at some point, so are not lost.

Also, the NHS have learnt a lot since the initial lockdown. They have seen how much the initial wave affected the health service and Nightingale Hospitals were not needed. I don't think there will be a widespread cancellation of ops within Private hospitals.

Even if there are, the Insourcing Division currently has a run rate of around £400k a month. Compare that to the annual revenue for rest of the company of £105m, as of fy 2020.

https://www.investormeetcompany.com/totally-plc/register-investor

oneandonly
"They already said mid-Sept"

Mid-Sept gone. They only have until week Wed otherwise the share will be suspended, like they did last year.

Last year their results weren't published by 30th Sept due to accounting irregularities. Their shares were suspended. I would hope they don't have accounting irregularities again.

oneandonly
"They have already said Mid September" "as all the facts are out there"

One more day of mid-Sept left. If they don't publish results by 30th Sept then the shares will be suspended like last year. That is a fact.

Last year their results weren't published by 30th Sept due to accounting irregularities. Their shares were suspended. I would hope they don't have accounting irregularities again.

- accounting irregularities:

"Qualified audit report
Shareholders will note that the Annual Report contains a qualified audit opinion, with relevant wording as follows:
"Included within the Group cash and cash equivalents balance was £89,000 across four Lloyds Bank Plc accounts within two subsidiary entities. We have not received a response from Lloyds Bank Plc to our request for confirmation of bank account balances and of any other facilities or arrangements that the Group has with Lloyds Bank Plc other than an acknowledgement of receipt, which confirms that an account previously held by the parent company with a trivial balance recognised in the Company statement of financial position is closed."
"We were able to review bank reconciliations for three of the four open Lloyds Bank Plc accounts referred to above, with the fourth account having a trivial balance for which bank statements indicate trivial movement during the year. However we were unable to perform all our planned audit procedures and we considered that alternative audit procedures did not fully address the risk of completeness of bank facilities across the Group and parent company financial statements."
The Directors have made every effort to resolve this matter to our auditor’s satisfaction, without success.
Whilst it may have been possible eventually to obtain a suitable response, the length of time this may have required was indeterminate, and the Board took the decision that the interests of shareholders were best served by publishing the accounts with the consequential qualified audit opinion but resulting in the lifting in the suspension from trading on AIM. Since the year end we have transferred over £86,000 of the aggregate amount from the bank concerned to another commercial bank and intend to transfer the balance shortly."

https://byotrolplc.com/wp-content/uploads/2019/10/2019-10-11-Posting-of-accounts-and-restoration-B-3.6.pdf

It's mid-Sept, so let's hope they do publish their results tomorrow.

oneandonly
"They need our Alcohol free patented technology."
"in arab speaking countries"

That's rubbish.
Why do they NEED it? Why Arab speaking countries?

You're ramping these based on pure rubbish hoping to pull the wool over people's eyes.

The fact is alcohol based sanitiser is recommended by WHO/CDC/NHS.

To suggest that Middle East or Islamic countries don't currently follow Covid safe rules is just pure rubbish.

UAE have had around 82k cases with around 71k recovered and 402 deaths. That is very few considering Dubai is the busiest airport and an international hub for transisting travellers.

https://www.google.com/search?q=dubai+coronavirus+cases&oq=dubai+coron&aqs=chrome.3.69i57j35i39j0l6.9855j1j4&sourceid=chrome&ie=UTF-8

oneandonly,

That's rubbish. Why?

What do you think people have been using for decades?

oneandonly
"Middle East Is a massive market for our technology."

Why?
Local companies will manufacture hand sanitiser and cleaning products.

Here's an example.
Setup the company in Dubai and selling thousands to the local supermarkets.

https://www.arabnews.com/node/1646776/middle-east

oneandonly
"They have already said Mid September"

Last year they announced results would be announced by 27th Sept and still failed to do so.
https://byotrolplc.com/wp-content/uploads/2019/09/2019-09-03-Notice-of-Results.pdf

Their results weren't published by 30th Sept due to accounting irregularities. Their shares were suspended. I would hope they don't have accounting irregularities again.

- accounting irregularities:

"Qualified audit report
Shareholders will note that the Annual Report contains a qualified audit opinion, with relevant wording as follows:
"Included within the Group cash and cash equivalents balance was £89,000 across four Lloyds Bank Plc accounts within two subsidiary entities. We have not received a response from Lloyds Bank Plc to our request for confirmation of bank account balances and of any other facilities or arrangements that the Group has with Lloyds Bank Plc other than an acknowledgement of receipt, which confirms that an account previously held by the parent company with a trivial balance recognised in the Company statement of financial position is closed."
"We were able to review bank reconciliations for three of the four open Lloyds Bank Plc accounts referred to above, with the fourth account having a trivial balance for which bank statements indicate trivial movement during the year. However we were unable to perform all our planned audit procedures and we considered that alternative audit procedures did not fully address the risk of completeness of bank facilities across the Group and parent company financial statements."
The Directors have made every effort to resolve this matter to our auditor’s satisfaction, without success.
Whilst it may have been possible eventually to obtain a suitable response, the length of time this may have required was indeterminate, and the Board took the decision that the interests of shareholders were best served by publishing the accounts with the consequential qualified audit opinion but resulting in the lifting in the suspension from trading on AIM. Since the year end we have transferred over £86,000 of the aggregate amount from the bank concerned to another commercial bank and intend to transfer the balance shortly."

https://byotrolplc.com/wp-content/uploads/2019/10/2019-10-11-Posting-of-accounts-and-restoration-B-3.6.pdf

It's mid-Sept, so let's hope they do publish their results this week.

Byot must publish their results over the next couple of weeks otherwise the shares will be suspended, as they were last year.

I would hope they have learnt from last year and will have resolved all accounting irregularities given it has been 6 months since yr end, so not to repeat the shares being suspensed like last year.

The expected figures from their TU are:

£6m revenues and adj ebitda of £250k despite the fact they had a spike in sales in Feb/March. Why didn't they beat expectations (set pre-Covid) with those spike in sales???

fy2020 TU:

revenues around £6m
adj ebitda £250k (yes k)
cash £1.7m
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf

The results are due in about 2 weeks.

The figures as per their TU:

fy2020 TU:

revenues around £6m
adj ebitda £250k (yes k)
cash £1.7m

https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf

Mcap £39m or 6.5x fy2020 actual revenues & 3.5x revenue "forecast" for fy2021!